GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
«We expect market uptrend to continue next week supported by positive macro trends, expectation of sustained government spending and policy continuity, healthy monsoon and strong earnings,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
Gift Nifty (Earlier SGX Nifty) signals a positive start.
Nifty futures on the Gift Nifty traded 37 pts higher at 23,588.
Tech View
Nifty continued to show range-bound action within 23300-23500 levels and still there is no early signs of any breakouts on either side. A decisive move above 23500 levels is likely to open an upside breakout and a slide below 23300 levels could mean a chance of downside breakout of the range movement in the near term, said Nagaraj Shetti of HDFC Securities.
India VIX
India VIX, which is a measure of the fear in the markets, fell 4.93% to settle at 12.82 levels.
Global Markets Wrap
- S&P 500 futures were little changed as of 9:20 a.m. Tokyo time
- Hang Seng futures rose 0.4%
- Japan’s Topix rose 0.8%
- Australia’s S&P/ASX 200 rose 0.6%
- Euro Stoxx 50 futures rose 0.8%
US stocks hit record high
The S&P 500 and Nasdaq achieved their highest closing levels ever on Monday, driven by a surge in technology stocks fueled by excitement surrounding artificial intelligence. Investors were also focused on upcoming economic data releases and speeches from Federal Reserve officials, which could offer insights into future monetary policy directions.
Major companies like Apple and
